PostNL increases outlook for results 2013

The Hague – PostNL expects underlying cash operating income of €50 - €90 million in 2013 (earlier range: €20 - €60 million).

The reasons to increase the outlook are the tariff increases which will be implemented by PostNL as of 1 August 2013 and expected better operational results in all segments. The tariff increases are, together with rigorous cost savings, necessary to compensate for the expected volume decline of 8-10% and the losses resulting from the universal service obligation. The impact is visible in the development of the margin in the segment Mail in the Netherlands. The outlook for the margin in the segment Mail in the Netherlands improves to -1% to 1% (earlier range: -2% to 0%).

RevenuesUnderlying cash operating income / margin
In € millions, except where notedRestated 2012Underlying 2013Restated

Mail in NL2,2701-mid single digit0.9%1-1 to 1%2
Parcels730+high single digit13.7%11 to 13%
International1,624+mid single digit1.7%1 to 3%
Total4,330stable13050 to 90
3.0%0 to 2%

1 Actuals 2012 restated for transfer of customer contact services from Mail in NL to PostNL Other

2 Subject to pension arrangement

In case of any discrepancy with the Dutch version of this press release, the Dutch version prevails.